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Adrian Emch, Nov 15, 2007
On August 30, 2007, the Anti-Monopoly Law (“AML”) was enacted by the Standing Committee of the National People’s Congress (“NPC”). This law is the culmination of a drafting process which lasted over 13 years.
During this process, the various actors (including the Chinese government and academia) have shown a relatively high degree of openness. Compared to previous drafts of the AML, its final version is perhaps the most advanced document.
Nonetheless, while the law itself can provide a good basis for future competition policy and enforcement, it needs to be refined. More detailed rules will be required to implement the provisions of the AML. The AML takes effect on August 1, 2008 in order to give the Chinese authorities time to adopt implementing regulations and guidelines.
According to the AML, during this period until August 1, 2008, the State Council will also resolve one of the fundamental issues which the AML has left open – to decide which authority or authorities will be responsible for implementing the AML. The AML itself provides for a two-level structure of governance, with the Anti-Monopoly Commission at the top. Its responsibility is to organize, coordinate, and guide the implementation of the AML, and it is entrusted with a number of specific (but general) tasks. The Anti-Monopoly Enforcement Authority is a body or, perhaps more likely, a number of bodies in char…